PHOENIX — A joint venture between Harrison Street Asset Management, LCS and Ryan Cos. US Inc. has secured refinancing for Clarendale Arcadia, a senior living community located in the Arcadia neighborhood of Phoenix.
Ryan Stoll and Taylor Mokris of BWE arranged the financing — which features full-term interest-only payments, an initial 36-month term and two one-year extension options — on behalf of the joint venture.
Completed in 2023, Clarendale Arcadia totals 248 residences, with 240 independent living units, 68 assisted living units and 40 memory care units. Amenities at the property include a bistro, fitness center, heated swimming pool, jacuzzi spa, putting greens, a movie theater, salon and spa, landscaped outdoor spaces and a full-service bar.
The post Joint Venture Secures Refinancing for 248-Unit Community in Phoenix appeared first on Seniors Housing Business.
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